Edwards Life Sciences LLC (EW)

[dealorfx]

Edwards Lifesciences Crosses Below its 10-day MA (EW)
Published on Wed, 11/09/2011 - 13:03

Today, shares of Edwards Lifesciences (NYSE:EW) have crossed bearishly below their 10-day moving average of $75.47 on a volume of 349K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Edwards Lifesciences (NYSE:EW) has potential upside of 16.2% based on a current price of $74.09 and analysts' consensus price target of $86.12. Edwards Lifesciences shares should encounter resistance at the 200-day moving average (MA) of $81.16 and support at the 50-day MA of $73.55.

Edwards Lifesciences Corporation designs, develops, manufactures, and markets products and services to treat late-stage cardiovascular disease. The Company's products include tissue replacement heart valves, heart valve repair products, hemodynamic monitoring devices, angioscopy equipment, oxygenators, and pharmaceuticals. Edwards supplies its products to customers located worldwide.

Over the past year, Edwards Lifesciences has traded in a range of $61.63 to $91.82 and is now at $74.09, 20% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.